https://youtu.be/wRb2qK0RkDU There is no set definition about what is considered pre-qualified and what is…
Two Major Items Homebuyers Need to Think About Before Contacting a Realtor | NE Homebuyer’s Guide
Many people find it useful to have a checklist
On any good checklist, these 2 items should be the first items on that list. as they are essential to getting the ball rolling on your dream of home ownership.
The 2 major items a potential home shopper needs to begin to think about before contacting a realtor are to:
1. Determine how your credit looks. Luckily in this computer age, there are many ways for us to easily and quickly check our credit ad credit scores. There are multiple sites out there to check your credit for free.
Two that we like are www.freecreditreport.com and www.creditkarma.com. If you have a credit score below 640 you may want to dive deeper into your report to see if there are opportunities to increase that score. Ways to that would be by dispute errors if there are any with the credit bureaus, making sure you are current with all monthly payments, and reducing debt where possible.
I am a local mortgage broker serving Omaha, Papillion, La Vista, Bellevue, and all of Eastern Nebraska. If you have any home financing questions please contact me.
2. Get pre-approval from a mortgage professional. Once you know about your credit you should contact a mortgage professional and work on a pre-approval. But don’t just pick any mortgage professional as they are not all created equal. Do your research so that you can feel confident that the person you pick is knowledgeable and will take care of you as if they were buying their own home. Happy shopping!!!
If you have any questions about either of these items, please reach out to us today. We are happy to answer any questions.
Other useful links
- How to improve your credit
- The 20% down rule on conventional
- What is Escrow?
- How is income calculated?
- Why your assets matter
- Mortgage Calculator
- Is Credit Karma accurate?
- FHA vs Conventional, which is better?
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